Crypto Market Sees Significant Recovery Led by Bitcoin Amid Greed-Fueled Sentiment

Today, the crypto landscape is going through a noteworthy reversal driven by the flagship crypto asset, Bitcoin ($BTC). In this respect, the cumulative crypto market capitalization has reached $3.89T following a 0.17% increase.

In addition to this, the 24-hour crypto volume has also reached $173.96B after a 4.15% surge. At the same time, the Crypto Fear & Greed Index stands at 62 points, denoting a 62% spike.

Bitcoin Witnesses 0.19% Rise and Ethereum ($ETH) Surges by 1.00%

Particularly, Bitcoin ($BTC) is trading at up to $118,415.93. This price level indicates a 0.19% increase over the past 24 hours. Along with that, Bitcoin’s dominance has touched 60.6%. Additionally, Ethereum ($ETH) is changing hands at $3,857.10, presenting a 1.00% jump in the meantime.

Similarly, the market dominance of Ethereum ($ETH) has climbed to notable 12%. This highlights that the crypto landscape continues to welcome the wider bullish momentum.

$BNKRS, $SWOL, and $BOME Lead Crypto Gainers

Concurrently, the prominent crypto gainers include Bonkers Meme Token ($BNKRS), Snowy Owl ($SWOL), and BOME AI ($BOME). Specifically, $BNKRS has surged by 3129.70% to touch the $0.0006185 mark.

Subsequently, $SWOL has risen by 2043.50%, reaching $0.00008243. Following that, $BOME has approached $0.000001171, expressing a 447.26% increase.

DeFi TVL Jumps by 0.71% and NFT Sales Volume Records 4.21% Increase

Simultaneously, the DeFi TVL has recorded a 0.71%, gaining the $141.234B mark. Additionally, the top DeFi protocol in terms of TVL, AAVE, has witnessed a 1.18% upsurge to reach $34.669B. Nonetheless, when it comes to 1-day TVL increase, Brise Swap is the leading player, accounting for a stunning 16266989347326048256% spike over twenty-four hours.

In the same vein, the NFT sales volume has jumped by 4.21%, reaching $22,704,168. However, the top-selling NFT collection, CryptoPunks, has dipped by 23.26%, touching $2,447,998.

Invesco Files for $SOL ETF and Winklevoss Urge Trump to Drop CFTC Nominee

Overall, the crypto sector has also seen many notable developments over the past 24 hours, with substantial support from FOMC. In this respect, Invesco Galaxy has applied to launch Solana ($SOL) ETF on the Cboe BZX exchange in the U.S.

Moreover, Robinhood’s crypto-based revenue has risen by 98% to touch $160M in this year’s 2nd quarter amid the growing push for tokenization. Furthermore, Cameron and Tyler Winklevoss have persuaded the U.S. President Donald Trump to remove Brian Quintenz’s name from the list of CFTC nominees. Thus, he might respond in affirmative or say “Nope” straight away.